A memorandum of understanding (MoU) was signed in late February between UMW and Invest Selangor (ISB). The agreement will help facilitate marketing and promotion efforts for the industrial park, with a focus on attracting high value manufacturing industries, driven by aerospace but also encompassing industries that require advanced manufacturing processes.
The signing was witnessed by Selangor Mentri Besar Amirudin Shari and Selangor state exco for Investment, Industry and Trade, and Small and Medium Industries Datuk Teng Chang Khim. While the MoU was signed by Invest Selangor CEO Datuk Hasan Azhari Idris and UMW Development Sdn Bhd (UMWD) president Dr Wafi Nazrin Abdul Hamid.
The signing will enable UMW HVM Park to be recognised as a “High Impact Project”. This will not only include efforts for development of the park but also to attract more foreign direct investments into Selangor through UMWD’s land offerings.
“We look forward to working closely with Invest Selangor to attract potential investors to UMW HVM Park, especially those who are looking to move up the value chain by incorporating high-tech innovations and advanced manufacturing” said UMWD President Dr Wafi Nazrin Abdul Hamid.